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Dow Jones (US30) LONG worth a risk ?
Dow Jones Industrial Average Index
Long
Dow Jones (US30) LONG worth a risk ?
By AdiVV
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Follow
May 30
5
Cheer
Cheer
May 30
After big dump over last days that was overextended after yesterday's Saleforce earnings, the DOW finally is in the demand zone worth a risk.
On smaller timeframes we can see some demand building with Change of character and breaks of structure.
I opened long with a potential for a return to 39700 based on the new GDP data released, that is favoring interest rate cuts.
Stay safe and good luck :)
Double Top or Bottom
Supply and Demand
Support and Resistance
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